Investment in Shanghai from overseas Chinese
Overseas Chinese has definitely has made considerable contribution to the city’s development through playing an active role in the funding of nearly half of the 28,000 foreign-invested companies in Shanghai.
The overseas Chinese birth or decent were high praised at a lately gathering in memory of the 30th anniversary of China’s reform and opening up to the outside world, for their deep love of their motherland.
Between 1978 and 1995, 60% of the 13,600 approved foreign invested projects and 56% of the drawn 34.27 billion yuan foreign direct capital were from overseas Chinese and patriotic personages from Hong Kong and Macao.
Yang Xiaodu, head of the United Front Work Department of Shanghai, said during his statement on the forum,”During the past 30 years, overseas Chinese, returned compatriots and their families showed their great and profound love for their hometown and their motherland.”
He said that overseas Chinese’s stories will be engraved into history for their contribution to the opening up and reform, to the establishment of a friendly international environment and to the country’s social development.
From 1990, overseas Chinese and Hong Kong and Macao compatriots made more than 2,000 donations, worth 2 billion yuan, mainly in the fields of culture, education, healthcare and other public welfare.
According to statistics, after the magnitude-8 Sichuan earthquake, Chinese ethnicities has generously donated up to 300 million yuan in cash or relief materials for the stricken areas via Shanghai.
Apparently overseas Chinese are also very interested in the approaching 2010 Shanghai World Expo.
80 delegations from All-China Federation of Returned Overseas Chinese visited the Bureau of Shanghai World Expo Coordination to get update information on the event.
During the forum, representatives of overseas Chinese talked about the dramatic changes they saw and their own experience in China.
Yue-Sai Kan, an international television star and exceedingly successful businesswoman expressed her marvel at China’s social change and her cherish of the sincerity and purity people had three decades ago.
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